managed forex account australia

A managed forex account is an account where a professional trader/money manager trades on your behalf. The manager will usually receive a performance fee for any profits made on the account.Managed forex accounts are becoming increasingly popular, especially with Australian investors. This is because they offer a number of advantages, including:- Potentially higher returns than other investment types;- Access to expert knowledge and analysis;- Hands-off approach – you don’t have to be an expert yourself; and- Diversification – you can spread your investment across different currencies and countries.If you’re thinking about investing in a managed forex account, make sure you do your research first. There are a number of things to look for, including:- A good track record – look for a manager who has consistently made profits over a long period of time;- Low fees – some managers charge high fees which can eat into your profits; and Make sure the manager is registered with the Australian Securities and Investments Commission (ASIC). This will give you some protection if things go wrong.